Correct Answer : 5 Years
Bajaj Allianz General Insurance on Monday(14th Mar 2022) announced a five-year tenure extension of its Managing Director and CEO Tapan Singhel. The new term will be effective from April 1, 2022, Bajaj Allianz General Insurance said in a statement.
Under Singhel's leadership, the company has emerged as one of the largest and most profitable private general insurers in the country ensuring growth, profitability and customer-centricity.
In his decade-long stint as the
MD and CEO, the company has achieved a cumulative underwriting profit of more than
Rs 350 crore, grew its revenue at a
CAGR (Compound Annual Growth Rate) of
16 percent, grew its net profit (PAT) at a
CAGR of over
30 percent with a double growth in solvency ratio from
156 percent to about
350 percent. PTI DP DP HRS hrs..
Source : Times Of India